Home Flipping in U.S. Drops to 8-Year Low in Mid 2019

ATTOM Data Solutions | September 19, 2019

Home Flipping in U.S. Drops to 8-Year Low in Mid 2019
According to ATTOM Data Solutions newly released Q2 2019 U.S. Home Flipping Report, 59,876 U.S. single family homes and condos were flipped in the second quarter of 2019, up 12.4 percent from the previous quarter, but down 5.2 percent from a year ago. The homes flipped in the second quarter represented 5.9 percent of all home sales during the quarter, down from a post-recession high of 7.2 percent in the previous quarter, but up from 5.4 percent a year ago. Homes flipped in Q2 2019 typically generated a gross profit of $62,700 (the difference between the median sale price and median paid by investors), up 2 percent from the previous quarter, but down 2 percent from a year ago.

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Title to real estate is acquired by sale, trade, gift or other conveyance, as provided in this Code. Separate provisions apply to the acquisition of real estate by inheritance